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Impac Mortgage Holdings Inc. Message Board

  • possum336 possum336 Apr 30, 2013 12:33 PM Flag

    question of the day?

    if a company already has 37 million dollars in negative equity, and they issue 20 million dollars more in debt, how deep is the hole that the common stockhloders are in now. And better yet who will buy a convertible debt issue in a company that has a history of default as well as negative equity. The preferreds are now worth a whole lot more than the company and it keeps getting deeper. common dividends are so far away that your grandchildren can't see them. Drop a quarter in the hole your in and it will never land. good luck

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